“Kuroda, who spoke on a panel at Jackson Hole Saturday… is in love with his policies,” Axel Merk, president of Merk Investments, told CNBC Asia’s “Squawk Box” on Tuesday.
“He was bragging about how his policies are working and he was referring to how the bond yields are holding, whereas they have been spiking everywhere else,” added Merk.
After rising sharply in April and May on uncertainty about the implications of the BOJ’s decision to embark on aggressive monetary stimulus, Japanese government bond yields have edged down.
The benchmark 10-year yield is trading around 0.76 percent. In contrast, the 10-year Treasury yield has risen sharply recently to about 2.8 percent in anticipation of a scaling back of U.S. monetary stimulus.
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